Treasury CDFI Fund director resigns
Administration of the Community Development Financial Institution Fund at the Treasury Department will be led by the CDFI Fund’s legal counsel following the resignation of the fund’s director.
Mastercard’s Lambert: No more ‘no man’s land’ for stablecoins
Paxos and Mastercard are among the firms betting that legal clarity will lead to a wider range of stablecoin users.
Press Release: Federal Bank Regulatory Agencies Seek Further Comment on Interagency Effort to Reduce Regulatory Burden
PRESS RELEASE | JULY 21, 2025 Federal Bank Regulatory Agencies Seek Further Comment on Interagency Effort to Reduce Regulatory Burden WASHINGTON – The federal bank regulatory agencies today announced their fourth notice requesting public comment to reduce regulatory burden. The Economic Growth and Regulatory Paperwork Reduction Act requires the agencies to review their regulations at […]
Exclusive: Citi’s new retail head talks rewards, fintechs
Kate Luft, a former chief of staff for Citi CEO Jane Fraser, is now running the company’s U.S. retail banking business. In her first interview since getting the job, Luft discussed what banks can learn from airlines and the advantages that incumbents have over fintechs.
Treasury pauses AML rule for investment advisors
The Treasury’s financial crime agency delayed enforcement of a variety of Bank Secrecy Act requirements for investment advisors in order to gain time to revise and tailor regulations.
Google, Oliver Wyman, Corridor launch gen AI sandbox for banks
Google, Oliver Wyman and Corridor Platforms offer bankers a safe space where they can experiment with using generative artificial intelligence for customer interactions.
In-car payments are set to soar. What banks need to know.
Car manufacturers and apps have made it easier for customers to pay for fuel, parking and other services seamlessly from their cars or smart devices.
Now is the time for bankers to step back and reassess loan portfolios
We could be on the cusp of serious economic instability. Smart bankers should take the time to do a deep dive into the risk profile of their customers, and identify potential trouble spots.
Here’s what banks are saying about payments this earnings season
Bank earnings have been largely positive in the second quarter despite concerns that tariffs would increase inflation and stifle economic activity. Payment divisions at banks reaped the rewards, too.
Comerica execs say the bank’s midyear slump won’t last
The Dallas-based lender, which reported a year-over-year decline in earnings, is anticipating increased loan activity and deposit growth later in the year.